Azlam Shah Alias

The sharp decline in crude oil prices is raising concerns globally of a sluggish economy, with significant repercussions anticipated on nations which are heavily dependent on revenue from the energy sector.

The much anticipated goods and services tax (GST) will be implemented in less than five months. Consumers will soon be experiencing a change in the way taxes are collected, where GST at six percent will soon  replace the sales and services tax (SST), which averages 10 percent.